Subscribe Free
in Business & Finance

Air Arabia shareholders approve ten percent cash dividend at AGM

Posted 14 March 2018 · Add Comment

Air Arabia has seen a 30% increase in net profit over the past 12 months according to figures released by the Sharjah Airline today.

The region’s first low-cost carrier recorded profits of $180.25million in 2017 and announced a 10% cash dividend for shareholders at its AGM in Sharjah today.

Chairman of Air Arabia, Sheikh Abdullah Bin Mohammed Al Thani, said: “We are pleased with the performance of the company in 2017 which is reflected in the increase of dividends to our shareholders as compared to last year. Air Arabia remains committed to the growth of the aviation sector both regionally and globally and is strongly poised to overcome any future challenges. Consumer trust is key to our growth strategy as we continue to maintain a strong financial performance through the year and beyond.”

The airline added 21 new routes to its global network in 2017 from its five operating hubs in the UAE, Morocco, Egypt and Jordan. The carrier took delivery of four new aircraft and ended the year with a fleet of 50 Airbus A320 aircraft operating to 145 routes across the Middle East, Africa, Asia and Europe.

* required field

Post a comment

Other Stories
Advertisement
Latest News

First EgyptAir A220-300 makes maiden flight

The first A220-300 for EgyptAir has successfully completed its inaugural test flight from the Mirabel assembly line. The first of 12 aircraft EgyptAir has on order is due to be delivered to the Cairo-based airline in the coming weeks.

Etihad Airways celebrates 15 years in India

Etihad Airways is preparing to celebrate 15 years of service to its largest and busiest market, India. The airline’s milestone coincides with the third visit to the UAE of India’s Prime Minister, Narendra Modi.

Oman Air Cargo rolls out its mobile App solution using ‘SmartKargo’

Oman Air Cargo has successfully launched the mobile App to all Oman Air Cargo customers including Shippers and Freight Forwarders.

IATA's WFS to focus on sustainable future

The International Air Transport Association (IATA) announced that the 2019 World Financial Symposium (WFS) will focus on the theme of airlines, IATA and partners working together to shape a sustainable future.

Emirates Aviation University introduces a special package for international students

Emirates Aviation University has introduced an “international student study package”, offering financial benefits and support to international students.

DC Aviation celebrate 20 years of business

German company DC Aviation, which has the successful DC Aviation Al-Futtaim operation in Dubai, is celebrating 20 years of operations.

TAA SK0907311219
See us at
DIAC19_BT264161119Dubai AS BT2006211119MEBAAMORBT2006260919AVAFA20BT2607050320BIDEC BT0108301019MEBCONBT1607240919